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http://www.reed-elsevier.com/

Acquisition of Harcourt General Inc approved by UK Department of Trade &
Industry and Harcourt tender offer extended <news/fr_press.htm>
5 July 2001	
 
Reed Elsevier announces acquisition of Harcourt General, Inc. approved by
UK Department of Trade & Industry, and announces extension of Harcourt
tender offer until 8:00 p.m. New York City time on Wednesday, July 11,
2001 Reed Elsevier plc announced today that the Minister for Competition
at the UK Department of Trade & Industry (DTI), Melanie Johnson MP, has
approved its acquisition of Harcourt General, Inc. (NYSE: H).  The
Minister's decision is based on the recommendations made by the UK
Competition Commission in its report on the proposed acquisition, which is
published today. This decision marks the completion of the regulatory
process in all relevant jurisdictions.